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HELP!!! Economists note that personal income rose by 5 percent last year. What impact will the change in personal income have on demand? A It will cause the demand curve to shift up B It will cause the
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HELP!!! Economists note that personal income rose by 5 percent last year. What impact will the change in personal income have on demand?

A It will cause the demand curve to shift up
B It will cause the demand curve to shift left
C It will cause the demand curve to shift down
D It will cause the demand curve to shift right

User Arcayne
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1 Answer

16 votes
16 votes

Answer:

D It will cause the demand curve to shift right

Step-by-step explanation:

Given

Increase in personal income

Required

The changes on the demand curve

On the demand curve, quantity is represented by the x-axis, while the y-axis represents price.

When personal income increases, the quantity of items purchased will increase.

This means that there will be a shift to the left on the demand curve.

Hence, (d) is correct

User Zollnerd
by
3.7k points
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